Coronavirus: India, Peru cross China’s official infections tally

The number of India’s coronavirus infections crossed China’s official toll of infections, where the virus originated last year. Meanwhile, the finance minister announced reforms for the agriculture sector under the Atmanirbhar Bharat campaign. Read More
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Govt’s second tranche of stimulus pack focuses on labourers, farmers

Finance minister Nirmala Sitharaman revealed the government’s second plan with the Atmanirbhar Bharat Abhiyan stimulus package. While the first trance focused on MSMEs, the second focused on migrant workers, farmers and the poor. Read More
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Atmanirbhar Bharat: Govt unveils ₹5.5 lakh crore for MSMEs

A day after PM Narendra Modi’s announced a ₹20 lakh crore stimulus package to boost the coronavirus-hit economy, finance minister Nirmala Sitharaman unveiled the first plan of ₹5.5 lakh crore focusing on putting life into the country’s MSMEs. Read More
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Covid-19 impact: DA hike of govt employees suspended till July 2021

To cut costs and save money due to the coronavirus impact on the economy, the government suspended the 4% hike in dearness allowance for central government employees until July 2021. Read More
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Covid-19: Govt says lockdown working; RBI lifeline to NBFCs, FIs

The government said the coronavirus infection rate in the country has almost halved since the Centre announced a nationwide lockdown from March 25. Meanwhile, the RBI has extended a ₹1 lakh crore lifeline to NBFCs, FIs to stay afloat during the Covid-19 crisis. Read More
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Government announces FDI reforms to push economic growth

The government has announced reforms in foreign direct investment in India, including 100% FDI under automatic route in coal mining and contract manufacturing. The centre has also approved 26% overseas investment in digital media and relaxed FDI norms for single brand retailers. Read More
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RBI to transfer ₹1.76 lakh crore to govt from surplus reserve

In the wake of slowing economic growth and growing global uncertainty, the central board of the Reserve Bank of India approved transfer of ₹1.76 lakh crore surplus reserve to the central government. Read More
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Five million lost their jobs since 2016 demonetization: Report

Almost 50 lakh people in India lost their jobs between 2016 and 2018 – the post-demonetization years, according to a new report published by Azim Premji University’s Centre for Sustainable Employment. Read More
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In last 10 years, 80% of loan write-offs came after April 2014: Report

An Indian Express report says RBI figures, which was sought by the paper, reveal that over the last decade, banks have written off a total of ₹7 lakh crore, 80% of which have been written off over the past five years. Read More
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In demonetization year, 88 lakh taxpayers didn’t file returns

The government, while pointing out the success of demonetization in increasing tax compliance, said it added 1.06 crore new taxpayers in 2016-17, which is almost 25% more than that of the previous year. However, it also also a huge spike in the number of “stop filers” in 2016-17. Read More
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